Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0111%/8h= +12.1% APRpaid last 24h −0.048%

Price spread now: Kraken Futures against OKX+0.211%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$740.739% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.367%+$37 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.211%, 7d avg +0.100%

Together, before fees+0.321%+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.111% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TIA-USDT-SWAP	0.4364	−0.0113	get 0.0057% / 4h	2h 46m	$2.8M	$6.0M	50x
Short	Kraken Futures PF_TIAUSD	0.4373	−0.0003	pay 0.0000% / 1h	46m 20s	$359K	$226K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.211%Rate

Funding earned: $23.27
Price spread: +0.211% → +0.100%: $11.1
Slippage, 4 orders: −$53.94
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$39.57
Costs to cover: 0.739%
Break-even: 18.9 days

Slippage from OKX: live order book, 2 min ago; Kraken Futures: live order book, 21 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 2 min ago	1.14 bp	12.7 bp −$13	37.0 bp −$370	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 21 min ago	12.48 bp	22.0 bp −$22	75.5 bp −$755	doesn't fit	doesn't fit

TIA on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TIAUSDT	−0.0332%	1h	0.4371	+0.160%	$49K	$232K	50x	as long as short
OKX TIA-USDT-SWAPlong	−0.0113%	4h	0.4364	long leg	$2.8M	$6.0M	50x
Kraken Futures PF_TIAUSDshort	−0.0003%	1h	0.4373	+0.211%	$359K	$226K	50x
KuCoin TIAUSDTM	−0.0002%	4h	0.4365	+0.023%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4368	+0.092%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4368	+0.089%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0044%	4h	0.4361	−0.069%	$9.5M	$13.1M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4373	+0.211%	$139K	$360K	10x	as long as short
dYdX TIA-USD	+0.0098%	1h	0.4367	+0.076%	$52K	$199	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4365	+0.023%	$5K	$342K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4372	+0.179%	$4.6M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4367	+0.063%	$34K	$240K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4367	+0.069%	$14.3M	$42.1M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4369	+0.115%	$981K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4368	+0.092%	$12.5M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4366	+0.046%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4366	+0.046%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4369	+0.115%	$101K	$161K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4361	−0.061%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4374	+0.229%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4365	+0.015%	$49K	$189K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4366	+0.054%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4363	−0.025%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4352	−0.275%	$26K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4377	+0.298%	$51K	$76K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4373	+0.206%	$1.3M	$617K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0462% / S −0.3505%	1h	0.4367	+0.077%	$36K	—	100x	as long as short